Assets of Farm and Cattle Ranching Business

Sale of assets of Easterday Ranches, Inc. (“Ranches”) and Easterday Farms (“Farms”) (collectively “Sellers”). The seller’s operations span approximately 22,500 acres over multiple farms, lots/ranches, and other complexes and facilities, which are generally referred to by their common names: (i) Goose Gap Farm, (ii) River Farm, (iii) Nine Canyon Farm, (iv) Cox Farm, and (v) a storage complex on River Farm (collectively, the “Properties”). The Properties consist of approximately 81 parcels, all of which are located in Benton County, Washington. The Properties are owned, leased, or otherwise utilized, in whole or in part, by the Debtors, which interests may be subject to purported liens and encumbrances. As noted above, pursuant to the Cooperation Agreement, approval of which is being sought by separate motion, all of the Properties, including third party ownership interests in such Properties, are being marketed to be sold together, along with related farm equipment and other personal property. A more detailed description of the Properties follows:

• The Goose Gap Farm: Goose Gap Farm comprises approximately 6,300 acres, and includes, among other things, pivot irrigated farmland, dry pasture land, and a pump house. Goose Gap Farm also includes additional leasehold acreage;
• The River Farm: River Farm comprises approximately 5,800 acres and includes, among other things, an approximately 8,400 square foot shop, storage facilities with an approximate capacity of 95,000 bushels of grain, and three manufactured homes. River Farm also includes additional leasehold acreage;
• The Nine Canyon Farm: Nine Canyon Farm comprises approximately 3,000 acres, and includes, among other things, a grape vineyard, cherry orchard, 40,000 square feet of storage facilities, including facilities suitable to hold 5,000 tons of potatoes, four manufactured homes, and a mobile home park with six mobile homes; and
• The Cox Farm: Cox Farm comprises approximately 7,500 acres, and includes, among other things, feedlot facilities capable of housing and feeding approximately 35,000 head of cattle, pivot irrigated farmland, a 4,300 square foot horse barn, and a 2,500 square foot residence. Cox also includes additional leasehold acreage, a steel dry commodity and hay storage shed, and nearly 67,000 square feet of storage facilities, including facilities to store over 5,200 tons of onions, 175,000 bushels of dry grain, 30,000 tons of high moisture corn, as well as an additional 30,000 tons of silage storage.